Boston Landing Development Site Trades for $67M
JLL has arranged the $67 million sale of 60 Guest Street, a land parcel that has been fully approved for a new life science development in the Boston Landing campus in Boston’s Allston/Brighton neighborhoods.
The 50,036-square-foot site is approved for up to 320,000 square feet of office and lab uses, reaching 165 feet in height and featuring average floorplates of 40,000 square feet. The proposed nine-story structure on the site will incorporate state-of-the-art office/lab space with an amenity program featuring a multi-purpose ground-floor and outdoor spaces at key locations throughout the building.
Boston Landing includes the new Boston Bruins practice facility and Warrior Ice Arena as well as The Auerbach Center, the Boston Celtics practice facility. The development is also the future site of The Track at New Balance, a world-class indoor hydraulic track, field and entertainment venue.
Coleman Benedict and Kerry Hawkins represented the seller, NB Development Group, in the transaction. The buyer was a partnership between Lendlease and Ivanhoé Cambridge.
- ◦Development